by
C.C. Collins Wealth Strategist, http://wealthscientist.com
If
you are a baby boomer, time is not on your side. Many baby boomers
see retirement age fast approaching with little to nothing in the
way of retirement assets that will allow them to actually retire
and live a comfortable lifestyle.
With
the benefit of time in short supply, substantial investment performance
in a shorter than normal time frame becomes strikingly important.
Mutual
Fund Advice A case could be made that a special type of mututal
fund, an index mutual fund, in conjunction with careful market trend
analysis (not predictive market timing) could be used to achieve
higher returns faster than a standard mutual fund.
As
to the specific type of index fund to consider using, investors
would do well to "keep it simple" and use an index fund
that tracks well known indexes like the S&P 500, Nasdaq100,
and Wilshire 2000.
Index
funds that track any of the major indexes are just taking advantage
of the concept of diversification. The only remaining risk is whether
the entire market goes up or goes down and one can switch to a fund
that is designed to profit from a down market when such action is
called for.
There
are very few active investment managers that outperform index funds
or exchange traded funds over a five year or greater period. This
is why an index fund is recommended in the case of baby boomer-aged
investors who need stellar performance over shorter time frames.
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About
the Author
C.C. Collins is a Financial Planning Advisor and Author of “Scientific
Wealth Strategies” at http://wealthscientist.com.
Find more information at http://networthpublishing.com
